Form 4: Superior Group of Companies Executive Reports Tax Withholding on Stock Vesting
SEC Form 4 Filing
Jordan M. Alpert, Chief Legal Officer & Secretary of Superior Group of Companies, reports the withholding of shares to cover taxes related to a restricted stock award vesting.
Summary
- On July 8, 2024, Jordan M. Alpert, Chief Legal Officer & Secretary of Superior Group of Companies, had 3,205 common stock shares withheld by the issuer to cover applicable withholding taxes related to the vesting of a restricted stock award.
- Following this transaction, Alpert beneficially owns 80,223 shares of Superior Group of Companies common stock.
- 33,803 of these shares are still subject to forfeiture as of the filing date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to tax withholding, which is neither positive nor negative in itself. It reflects routine administrative processes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations on existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 07/08/2024 | Date of transaction: Shares withheld for tax purposes. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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